Archive: Page 9
Greediness faciliated by slack regulation leads to banks’ downfall
Jerome Kerviel former employee Societe Generate, the author of 4.9 billion Euros loss for the bank has claimed now that his superiors knew of his risky bets. (Source Ruadhan Mac Cormaic in Paris). He also claims his superiors turned a blind...
Financial technology players need to answer these
I am basically a banker now associated with a financial technology player. In my various roles, I have participated in discussions with leading banks and banker. Some questions get repeated in these discussions and I have attempted to list them...
Liquidity crises and technology responses
BIS Working Paper No.293 issued in November 2009 deals with the very interesting recent market happening – liquidity crisis. It also covers some ten propositions about liquidity crises.
While going through the same, I was looking for ways...
An insight into swap execution facility
Swap Execution Facility is a new entity created by Dodd-Frank Wall Street Reform and Consumer Protection Act (in US).
A swap is broadly defined to include most OTC derivatives. Rates swaps, currency swaps, equity swaps, credit default swaps...
I would love ‘slim’ wallets
Here goes my Idea Number 1 for Innovation
My wallet ordinarily contains wad of currency notes (not more than ten pieces at a time), just one foreign currency coin (I like the design of Japanese 50 yen coin) though it is not a legal tender in...
Rules for FINOVATION
Setting:
Then:
21st Jan 2008 – Steve Jobs of Apple unveils ‘the world’s thinnest laptop computer” the MacBook Air. Jobs further illustrates just how thin Apple’s ‘thinovation’ by slipping it out of a common interoffice envelope....
Strategies for Stock exchanges to succeed
Setting:
According to Chris Skinner “There’s plenty of innovation in banking right now, from investment through commercial to retail banking. ………… But some innovators create new business models at the expense of the incumbents...
New business model for financial technology
We all know the time tested investment trick and guidance to make extraordinary gains. “You don’t get rewarded for buying assets that are loved and expected by all to do really well. Good old contrarian investing has much merit.”
Traditionally...
Banks’ need for financial technology
Instead, they will need ‘financial’ technology.
I was motivated to reinforce this theme after going through Chris Skinner’s latest blog “Why most banks’ technology fails to meet the business needs”.
I have been sharing my thoughts...
Do you want tomorrow’s technology today?
Before we delve into this question let us try to analyze why we need tomorrow’s technology today.
In any industry, more so in BFSI industry, we need to know customers’ requirements beforehand so that we could equip ourselves to serve and...
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